A loan of $2,650 helped a member to purchase a new cow.

Maria's Communal Bank Group's story

Maria Gregoria is the president of this communal bank comprised of six women and one man. The members of the communal bank live and work near the city of Ambato in the central Ecuadorian Andes.

Maria Gregoria is 32 years old and married. She lives with her husband and their two sons, aged eight and six years. She is a dedicated and collaborative person. Maria Gregoria buys and raises cattle. She began her business three years ago when she bought a calf. Afterwards, she invested in a milk cow. She currently works with her husband.

This loan is Maria Gregoria’s first and she will invest the money in a new cow. She hopes that this loan will improve the income for her family. Maria Gregoria’s goal for the future is that her family will be able to continue the business and expand it to include selling milk and cheese.

All of the women in the photo and the man in the red hat are the borrowers. The additional men are the husbands of some of the women.

In this group: Maria Gregoria, Obaldo, Maria J., Maria, Maria, Maria S., Maria C.

Loan details

Lenders and lending teams

Loan details